Atari Chain Announces it Will Start Using Fantom and Sees a 72% Increase for its Token (ATRI)


ATRI, the token of Atari Chain, has recorded a large rise of 72% inside hours after their announcement to start out utilizing Fantom blockchain. Atari Chain is the blockchain subsidiary created by the gaming pioneer Atari and ICICB Group

Atari is most well-known for being one of many first and greatest online game creators on the planet. They turned a family identify in 1972 with the discharge of the Atari 2600 Video Computer System. Games like Pong, Space Invaders, Frogger and Breakout solidified them in gaming historical past.

A division of Atari known as Atari Chain dived into the blockchain world in 2020 with the discharge of their very own cryptocurrency known as Atari Token (ATRI). It is meant to be a technique of fee inside the interactive leisure company and lives on the Ethereum blockchain and is appropriate with the cryptocurrency’s ERC-20 compatibility normal.

On September 1st 2021, Atari Token (ATRI) paired with the decentralized finance platform Fantom (FTM). The Fantom (FTM) blockchain is a cheap platform that processes transfers nearly instantly. The token skilled a large value surge of greater than 72% at its peak and reached an all-time excessive of .084USD on SpiritSwap.

Respected DeFi developer Andre Cronje, an outspoken supporter of the Fantom (FTM) platform tweeted about the Atari Token (ATRI) on September 1st.

Fantom (FTM) solves a lot of the issues posed by the Ethereum blockchains, specifically by approving transfers of funds instantaneously and dramatically decreasing the price of transaction charges. You can now swap a single ATRI token and keep away from large transaction prices.

Before this, Atari Tokens (ATRI) had been traded on the pricey Uniswap and Bitcoin.com Exchange platforms. The threshold to buy tokens was too excessive for many shoppers. It is necessary to notice that Atari Tokens are nonetheless out there on the unique platform and solely about twenty % of the tokens have been shifted to Fantom.

You can at present commerce the tokens on most main dexes supported by Fantom like SpiritSwap, ZooCoin, and additionally on the favored ETH dex Uniswap.

This transfer excited traders and consumers and led to a large enhance in worth for the token. It began the morning of August 31st hovering round .049USD. By the top of the subsequent day, September 1st, the worth had skyrocketed greater than 72% to a closing value of .082 USD.

At the time of writing this text on September 2nd, the worth was holding regular at .078USD in response to CoinMarketCap.com

Atari Token’s market cap is comparatively low sitting at $65 million on the time this text was written. It is circulating a provide of roughly 890ok cash and has a most quantity of seven.7billion cash out there. Needless to say, there’s nonetheless a lot of upside to ATRI.

Following within the footsteps of its low value level historical past within the online game console world, the corporate is working arduous to make the Atari Token (ATRI) simply accessible and inexpensive to all folks. Their intention is to permit gamers to wager tokens towards one another in skill-based video games the place the winner takes all.

The Atari VCS is the corporate’s most up-to-date gaming undertaking. It is a fully fashionable gaming and laptop system that blends a gaming console and private laptop. The glossy gadget was manufactured with the power for use as a node to validate blockchain transactions.

It might be readily assumed that Atari will use the VCS platform to start swapping Atari Tokens (ATRI) between gamers. Atari plans to launch on-line multiplayer video games, a on line casino and even a betting platform that use their tokens.

 

 





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